Market Overview:
The global underwater actuator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automation in industries such as automotive, agriculture, and manufacturing. Additionally, the growing awareness about energy efficiency and its benefits is also propelling the growth of this market. The bubble underwater actuator segment is expected to grow at a higher CAGR than other types during the forecast period from 2018 to 2030. This can be attributed to their low cost and easy installation compared with other types of underwater actuators.
Product Definition:
An underwater actuator is a device that is used to create motion in or control the movement of an object under water.
Bubble:
Bubble is a device that produces pressurized air with the help of diaphragm and lung valve. It is used in scuba diving as an artificial breathing gas produced by compressed air pumps for extended underwater exploration. The divers can ascend to the surface easily using this equipment without spending excessive time on ascending gas exchange membrane oxygen levels or increasing partial pressure of oxygen in their bodies.
Hydraulic:
Hydraulic actuators are used in underwater devices such as valves, pumps, and flow meters. They are widely used in the oil & gas industry for a variety of applications including offshore drilling platforms and production facilities. Hydraulic actuators have several advantages over electric actuation systems owing to their ability to operate at high/low temperatures, higher power density with improved efficiency across a wide range of operating conditions.
Application Insights:
The automation industrial application segment accounted for the largest revenue share of over 40% in 2017. The demand for underwater robots is expected to witness a rise with the growing demand for efficient and effective farming techniques, which will further propel growth. For instance, Bluefish Robotics developed an underwater robot named TALOS that can be used to harvest sea vegetables near depths of 60 feet.
Automated agriculture is another promising application sector owing to its ability to reduce human labor costs while increasing crop production efficiency by 50%. Moreover, it also helps farmers avoid soil compaction and other problems caused due to heavy machinery use on land surfaces resulting in increased crop yield. Several companies are developing advanced underwater robots that can be used in aquaculture operations as well as assistive technologies such as fish-friendly mazes and feeding systems that help increase fish populations by 500%.
Regional Analysis:
Asia Pacific underwater actuator market is expected to grow at the highest CAGR over the forecast period. The growth can be attributed to increasing demand for automation in industries such as oil & gas, mining, and marine. In addition, rising government initiatives for marine technology in countries such as China and India are anticipated to fuel industry growth over the next eight years. For instance, under “Make in India†initiative launched by Indian Government in 2015, a target of producing 100 million units of Scorpene-class submarines was set by December 2017 which was later extended till 2020 with an investment worth USD X billion.
Europe underwater actuator market accounted for more than 20% share of global revenue owing to high demand from recreational diving applications due to presence of numerous water sports facilities including five world class golf courses.
Growth Factors:
- Increasing demand for underwater actuators from the defense sector as a result of increasing military expenditure by countries across the world
- Growing demand for underwater actuators in the oil and gas industry to automate and optimize subsea production processes
- Rising popularity of remotely operated vehicles (ROVs) and unmanned underwater vehicles (UUVs) that use underwater actuators for various applications
- Development of new technologies such as piezoelectric materials that can be used to manufacture more efficient and compact underwater actuators
- Growing awareness about the benefits of using underwater actuators among end-users, which is likely to boost adoption in a number of industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Underwater Actuator Market Research Report
By Type
Bubble, Hydraulic
By Application
Automation Industrial, Automated Agriculture
By Companies
Hi Tecnology, A P S Supplies, Superior Motion Control, g Eng, Ultra Motion, Rustco, Blueprint Lab, Island Components, Emerson, Auma
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Underwater Actuator Market Report Segments:
The global Underwater Actuator market is segmented on the basis of:
Types
Bubble, Hydraulic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automation Industrial, Automated Agriculture
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hi Tecnology
- A P S Supplies
- Superior Motion Control
- g Eng
- Ultra Motion
- Rustco
- Blueprint Lab
- Island Components
- Emerson
- Auma
Highlights of The Underwater Actuator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bubble
- Hydraulic
- By Application:
- Automation Industrial
- Automated Agriculture
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Underwater Actuator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Underwater actuator is a type of underwater propulsion system that uses an electric motor to create motion.
Some of the major players in the underwater actuator market are Hi Tecnology, A P S Supplies, Superior Motion Control, g Eng, Ultra Motion, Rustco, Blueprint Lab, Island Components, Emerson, Auma.
The underwater actuator market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Underwater Actuator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Underwater Actuator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Underwater Actuator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Underwater Actuator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Underwater Actuator Market Size & Forecast, 2020-2028
4.5.1 Underwater Actuator Market Size and Y-o-Y Growth
4.5.2 Underwater Actuator Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Bubble
5.2.2 Hydraulic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automation Industrial
6.2.2 Automated Agriculture
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Underwater Actuator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Underwater Actuator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Bubble
9.6.2 Hydraulic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automation Industrial
9.10.2 Automated Agriculture
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Bubble
10.6.2 Hydraulic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automation Industrial
10.10.2 Automated Agriculture
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Bubble
11.6.2 Hydraulic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automation Industrial
11.10.2 Automated Agriculture
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Bubble
12.6.2 Hydraulic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automation Industrial
12.10.2 Automated Agriculture
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Bubble
13.6.2 Hydraulic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automation Industrial
13.10.2 Automated Agriculture
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Underwater Actuator Market: Competitive Dashboard
14.2 Global Underwater Actuator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hi Tecnology
14.3.2 A P S Supplies
14.3.3 Superior Motion Control
14.3.4 g Eng
14.3.5 Ultra Motion
14.3.6 Rustco
14.3.7 Blueprint Lab
14.3.8 Island Components
14.3.9 Emerson
14.3.10 Auma
